13F HOLDINGS REPORT

Tortoise Investment Management, LLC

Quarter ended Q4 2025 · Filed February 6, 2026 · Accession 0001599511-26-000001

Total Value

$1.14B

Positions

240

Other Managers

Confidential Omitted

View on SEC.gov

Holdings (240)

#	Issuer	Ticker / CUSIP	Shares	Value	% of Filing
1	ISHARES TR	464287200	147,003	$100.7M	8.84%
2	ISHARES TR	46429B747	566,503	$58.0M	5.09%
3	AMERICAN CENTY ETF TR	025072885	359,435	$40.2M	3.53%
4	BLACKROCK MUN TARGET TERM TR	BLK	1,361,137	$31.1M	2.73%
5	ISHARES TR	46436E718	285,711	$28.7M	2.52%
6	J P MORGAN EXCHANGE TRADED F	46641Q647	530,147	$26.8M	2.35%
7	VANGUARD SCOTTSDALE FDS	92206C847	438,668	$24.5M	2.15%
8	SIMPLIFY EXCHANGE TRADED FUN	82889N525	470,695	$23.7M	2.08%
9	SCHWAB STRATEGIC TR	808524870	895,124	$23.7M	2.08%
10	DOUBLELINE ETF TRUST	25861R402	445,735	$22.1M	1.94%
11	ISHARES INC	46434G103	308,861	$20.8M	1.82%
12	SCHWAB STRATEGIC TR	808524201	705,007	$19.0M	1.67%
13	ISHARES TR	464287622	47,607	$17.8M	1.56%
14	ISHARES TR	464287150	119,211	$17.7M	1.56%
15	DIMENSIONAL ETF TRUST	25434V104	368,042	$17.2M	1.51%
16	VANGUARD INDEX FDS	922908744	88,221	$16.8M	1.48%
17	WISDOMTREE TR	WT	285,367	$16.3M	1.43%
18	SCHWAB STRATEGIC TR	808524888	356,927	$16.3M	1.43%
19	SPDR S&P 500 ETF TR	SPY	23,737	$16.2M	1.42%
20	SPDR INDEX SHS FDS	78463X509	333,685	$15.6M	1.37%
21	APPLE INC	AAPL	53,180	$14.5M	1.27%
22	EA SERIES TRUST	02072L565	125,336	$14.4M	1.27%
23	ISHARES TR	46432F842	158,462	$14.2M	1.25%
24	DOUBLELINE ETF TRUST	25861R303	264,905	$13.7M	1.21%
25	ANGEL OAK FUNDS TRUST	03463K760	647,945	$13.5M	1.19%
26	SPDR SERIES TRUST	78464A854	167,397	$13.4M	1.18%
27	VANGUARD INDEX FDS	922908769	39,536	$13.3M	1.16%
28	SPDR INDEX SHS FDS	78463X889	270,291	$12.0M	1.05%
29	ISHARES TR	464287804	99,296	$11.9M	1.05%
30	INVESCO EXCH TRADED FD TR II	IVZ	415,867	$11.3M	0.99%
31	DIMENSIONAL ETF TRUST	25434V708	284,441	$11.3M	0.99%
32	DIMENSIONAL ETF TRUST	25434V302	339,794	$11.1M	0.97%
33	DIMENSIONAL ETF TRUST	25434V203	289,962	$11.1M	0.97%
34	SCHWAB STRATEGIC TR	808524847	523,909	$10.9M	0.96%
35	VANGUARD TAX-MANAGED FDS	921943858	170,856	$10.7M	0.94%
36	ISHARES TR	464287663	103,711	$10.6M	0.93%
37	VANGUARD INTL EQUITY INDEX F	922042858	181,448	$9.8M	0.86%
38	SPDR SERIES TRUST	78468R853	207,692	$9.7M	0.85%
39	VANGUARD INDEX FDS	922908637	30,753	$9.7M	0.85%
40	BERKSHIRE HATHAWAY INC DEL	BRK-A	18,508	$9.3M	0.82%
41	AMERICAN CENTY ETF TR	025072604	120,434	$9.3M	0.81%
42	DIMENSIONAL ETF TRUST	25434V815	279,622	$9.2M	0.81%
43	DIMENSIONAL ETF TRUST	25434V807	181,586	$9.1M	0.80%
44	VANECK ETF TRUST	92189F536	513,476	$9.0M	0.79%
45	NUVEEN AMT-FREE MUN VALUE FD	NU	617,823	$8.8M	0.78%
46	J P MORGAN EXCHANGE TRADED F	46641Q654	155,119	$7.9M	0.69%
47	JANUS DETROIT STR TR	47103U845	152,728	$7.7M	0.68%
48	AMERICAN CENTY ETF TR	025072877	70,754	$7.2M	0.63%
49	SCHWAB STRATEGIC TR	808524607	249,586	$7.1M	0.62%
50	PROGRESSIVE CORP	743315103	30,100	$6.9M	0.60%
51	DIMENSIONAL ETF TRUST	25434V401	90,811	$6.7M	0.59%
52	DIMENSIONAL ETF TRUST	25434V740	194,412	$6.6M	0.58%
53	AMERICAN CENTY ETF TR	025072364	91,451	$6.5M	0.57%
54	ISHARES TR	464287408	28,782	$6.1M	0.54%
55	INVESCO EXCH TRADED FD TR II	IVZ	258,557	$6.0M	0.53%
56	VANGUARD INSTL INDEX FD	922040845	79,192	$6.0M	0.52%
57	DIMENSIONAL ETF TRUST	25434V864	124,188	$6.0M	0.52%
58	NUVEEN SELECT MAT MUN FD	NU	618,713	$5.8M	0.51%
59	NUVEEN N Y MUN VALUE FD	NU	662,306	$5.7M	0.50%
60	DIMENSIONAL ETF TRUST	25434V500	78,062	$5.4M	0.48%
61	DIMENSIONAL ETF TRUST	25434V831	136,759	$5.2M	0.46%
62	SPDR DOW JONES INDL AVERAGE	78467X109	10,212	$4.9M	0.43%
63	VANGUARD INTL EQUITY INDEX F	922042718	32,499	$4.7M	0.41%
64	MICROSOFT CORP	MSFT	9,570	$4.6M	0.41%
65	ISHARES TR	46432F834	53,651	$4.5M	0.40%
66	VANGUARD INDEX FDS	922908611	21,047	$4.5M	0.39%
67	AMERICAN CENTY ETF TR	025072802	45,545	$4.3M	0.38%
68	VANGUARD INDEX FDS	922908363	6,659	$4.2M	0.37%
69	SPDR INDEX SHS FDS	78463X756	61,678	$4.0M	0.36%
70	AMERICAN CENTY ETF TR	025072372	68,703	$4.0M	0.35%
71	SCHWAB STRATEGIC TR	808524102	149,926	$3.9M	0.35%
72	ISHARES TR	464287432	42,634	$3.7M	0.33%
73	ISHARES TR	464288588	37,002	$3.5M	0.31%
74	VANGUARD INDEX FDS	922908751	13,213	$3.4M	0.30%
75	VANGUARD MUN BD FDS	922907746	66,979	$3.4M	0.30%
76	SCHWAB STRATEGIC TR	808524805	139,001	$3.3M	0.29%
77	VANGUARD INTL EQUITY INDEX F	922042775	44,975	$3.3M	0.29%
78	PIMCO ETF TR	72201R635	72,270	$3.3M	0.29%
79	ISHARES TR	46432F339	16,419	$3.3M	0.29%
80	DIMENSIONAL ETF TRUST	25434V765	102,340	$3.2M	0.28%
81	AMERICAN CENTY ETF TR	025072703	37,725	$3.1M	0.27%
82	ISHARES U S ETF TR	46431W838	61,470	$3.1M	0.27%
83	ISHARES TR	464287879	26,456	$3.0M	0.26%
84	SPDR SERIES TRUST	78464A300	32,441	$3.0M	0.26%
85	VANGUARD SCOTTSDALE FDS	92206C102	49,756	$2.9M	0.26%
86	PIMCO ETF TR	72201R304	55,967	$2.9M	0.25%
87	LIGHTBRIDGE CORP	LTBR	215,937	$2.7M	0.24%
88	JPMORGAN CHASE & CO.	VYLD	7,804	$2.5M	0.22%
89	SCHWAB STRATEGIC TR	808524409	83,497	$2.5M	0.22%
90	SCHWAB STRATEGIC TR	808524706	75,116	$2.5M	0.22%
91	AMERICAN CENTY ETF TR	025072349	32,351	$2.5M	0.22%
92	ISHARES TR	464287101	6,947	$2.4M	0.21%
93	VANGUARD WORLD FD	921910733	16,898	$2.0M	0.18%
94	J P MORGAN EXCHANGE TRADED F	46654Q575	38,660	$2.0M	0.17%
95	SCHWAB STRATEGIC TR	808524862	77,348	$1.9M	0.17%
96	SPDR SERIES TRUST	78464A664	68,382	$1.8M	0.16%
97	TERAWULF INC	WULF	153,218	$1.8M	0.15%
98	INVESCO QQQ TR	IVZ	2,829	$1.7M	0.15%
99	AMERICAN CENTY ETF TR	025072695	37,585	$1.7M	0.15%
100	ISHARES TR	464287507	25,934	$1.7M	0.15%
101	ELI LILLY & CO	LLY	1,456	$1.6M	0.14%
102	NVIDIA CORPORATION	NVDA	8,274	$1.5M	0.14%
103	VANGUARD INDEX FDS	922908553	17,355	$1.5M	0.13%
104	DIMENSIONAL ETF TRUST	25434V781	38,741	$1.5M	0.13%
105	ISHARES TR	464287614	3,043	$1.4M	0.13%
106	ISHARES TR	464287465	14,958	$1.4M	0.13%
107	DIMENSIONAL ETF TRUST	25434V757	43,325	$1.4M	0.12%
108	VANGUARD NY TAX FREE FDS	92204H400	13,450	$1.4M	0.12%
109	VANGUARD INTL EQUITY INDEX F	922042742	9,809	$1.4M	0.12%
110	ISHARES TR	464287655	5,612	$1.4M	0.12%
111	FIDELITY COVINGTON TRUST	316092857	51,374	$1.4M	0.12%
112	COSTCO WHSL CORP NEW	22160K105	1,598	$1.4M	0.12%
113	VANGUARD STAR FDS	921909768	17,831	$1.3M	0.12%
114	ALPHABET INC	GOOG	4,092	$1.3M	0.11%
115	ISHARES TR	464288273	16,102	$1.2M	0.11%
116	SCHWAB STRATEGIC TR	808524854	49,160	$1.2M	0.11%
117	GOLDMAN SACHS GROUP INC	GSCE	1,381	$1.2M	0.11%
118	DIMENSIONAL ETF TRUST	25434V880	36,817	$1.2M	0.11%
119	INVESCO EXCH TRADED FD TR II	IVZ	53,592	$1.2M	0.11%
120	ISHARES TR	464287234	21,407	$1.2M	0.10%
121	HOME DEPOT INC	HD	3,366	$1.2M	0.10%
122	AMAZON COM INC	AMZN	4,982	$1.1M	0.10%
123	DIMENSIONAL ETF TRUST	25434V773	34,154	$1.1M	0.10%
124	DIMENSIONAL ETF TRUST	25434V856	26,942	$1.1M	0.10%
125	WISDOMTREE TR	WT	13,439	$1.1M	0.10%
126	VANGUARD MALVERN FDS	922020805	21,385	$1.1M	0.09%
127	NUVEEN MUN VALUE FD INC	NU	112,749	$1.0M	0.09%
128	ISHARES INC	464286533	15,505	$992,940	0.09%
129	VANGUARD SCOTTSDALE FDS	92206C771	21,041	$990,610	0.09%
130	AMERICAN CENTY ETF TR	025072323	15,943	$936,492	0.08%
131	ISHARES TR	464288414	8,660	$927,626	0.08%
132	INVESCO EXCHANGE TRADED FD T	IVZ	11,846	$889,042	0.08%
133	ALPHABET INC	GOOG	2,724	$854,791	0.08%
134	AMERICAN CENTY ETF TR	025072141	13,015	$812,266	0.07%
135	INTERNATIONAL BUSINESS MACHS	INTR	2,590	$767,112	0.07%
136	HEICO CORP NEW	HEI-A	2,917	$736,377	0.06%
137	ISHARES TR	464287309	5,722	$705,273	0.06%
138	DIMENSIONAL ETF TRUST	25434V716	15,720	$682,720	0.06%
139	DNP SELECT INCOME FD INC	23325P104	66,631	$665,645	0.06%
140	CISCO SYS INC	CSCO	8,236	$634,394	0.06%
141	PEPSICO INC	PEP	4,352	$624,584	0.05%
142	META PLATFORMS INC	META	933	$615,746	0.05%
143	ISHARES INC	46434G863	13,612	$601,242	0.05%
144	PIMCO ETF TR	72201R866	11,390	$596,950	0.05%
145	BROADCOM INC	AVGO	1,693	$585,888	0.05%
146	VANGUARD INDEX FDS	922908652	2,712	$567,133	0.05%
147	TESLA INC	TSLA	1,240	$557,653	0.05%
148	UNION PAC CORP	UNP	2,406	$556,556	0.05%
149	VANGUARD BD INDEX FDS	921937827	6,744	$531,469	0.05%
150	VANGUARD SPECIALIZED FUNDS	921908844	2,402	$527,912	0.05%
151	DIMENSIONAL ETF TRUST	25434V732	15,952	$527,702	0.05%
152	PARKER-HANNIFIN CORP	PH	583	$512,192	0.04%
153	PROCTER AND GAMBLE CO	742718109	3,570	$511,600	0.04%
154	SPDR SERIES TRUST	78464A284	20,355	$507,654	0.04%
155	SPDR SERIES TRUST	78468R721	11,080	$506,467	0.04%
156	JOHNSON & JOHNSON	JNJ	2,446	$506,200	0.04%
157	EMERSON ELEC CO	EMR	3,694	$490,229	0.04%
158	CATERPILLAR INC	CAT	851	$487,548	0.04%
159	EXXON MOBIL CORP	XOM	4,002	$481,641	0.04%
160	CHEVRON CORP NEW	CVX	3,144	$479,109	0.04%
161	SPDR INDEX SHS FDS	78470E205	11,183	$476,882	0.04%
162	ISHARES TR	464287549	3,674	$474,534	0.04%
163	ISHARES TR	464287598	2,251	$473,475	0.04%
164	AMERICAN EXPRESS CO	AXP	1,274	$471,316	0.04%
165	ISHARES TR	464288869	2,969	$468,211	0.04%
166	GE AEROSPACE	369604301	1,507	$464,082	0.04%
167	ISHARES GOLD TR	IAU	5,593	$453,984	0.04%
168	AMERICAN CENTY ETF TR	025072299	6,070	$450,758	0.04%
169	VANGUARD SCOTTSDALE FDS	92206C409	5,630	$448,880	0.04%
170	ISHARES TR	46435U663	9,516	$437,546	0.04%
171	COLGATE PALMOLIVE CO	CL	5,481	$433,100	0.04%
172	VANGUARD SCOTTSDALE FDS	92206C706	7,177	$430,089	0.04%
173	ISHARES TR	464288679	3,862	$425,361	0.04%
174	VANGUARD WORLD FD	921910725	5,927	$424,492	0.04%
175	STRYKER CORPORATION	SYK	1,173	$412,139	0.04%
176	AMERICAN CENTY ETF TR	025072281	5,320	$405,916	0.04%
177	DIMENSIONAL ETF TRUST	25434V666	11,807	$403,917	0.04%
178	MUELLER INDS INC	624756102	3,472	$398,586	0.04%
179	ISHARES TR	46436E767	6,912	$397,993	0.03%
180	VANGUARD INDEX FDS	922908629	1,354	$392,844	0.03%
181	MERCK & CO INC	MRK	3,641	$383,296	0.03%
182	SELECT SECTOR SPDR TR	81369Y803	2,622	$377,505	0.03%
183	PALANTIR TECHNOLOGIES INC	PLTR	1,967	$349,634	0.03%
184	AXSOME THERAPEUTICS INC	AXSM	1,870	$341,537	0.03%
185	RTX CORPORATION	RTX	1,852	$339,694	0.03%
186	VISA INC	V	951	$333,525	0.03%
187	DIMENSIONAL ETF TRUST	25434V633	6,590	$330,029	0.03%
188	ISHARES TR	464288240	4,845	$325,245	0.03%
189	MCDONALDS CORP	MCD	1,005	$307,177	0.03%
190	TRAVELERS COMPANIES INC	TRV	1,055	$306,125	0.03%
191	KINDER MORGAN INC DEL	EP-PC	11,088	$304,815	0.03%
192	NUSHARES ETF TR	NU	6,615	$298,006	0.03%
193	SELECT SECTOR SPDR TR	81369Y605	5,366	$293,917	0.03%
194	PRICE T ROWE GROUP INC	TROW	2,834	$290,145	0.03%
195	METTLER TOLEDO INTERNATIONAL	MTD	204	$284,415	0.02%
196	SCHWAB STRATEGIC TR	808524755	6,196	$280,121	0.02%
197	ISHARES TR	46435G516	2,941	$279,660	0.02%
198	BATH & BODY WORKS INC	BBWI	13,844	$277,988	0.02%
199	ISHARES TR	46435G425	1,862	$277,401	0.02%
200	CAPITAL ONE FINL CORP	14040H105	1,144	$277,344	0.02%
201	DIMENSIONAL ETF TRUST	25434V823	12,022	$275,318	0.02%
202	ISHARES BITCOIN TRUST ETF	IBIT	5,545	$275,309	0.02%
203	SPDR SERIES TRUST	78468R796	4,835	$271,679	0.02%
204	SSGA ACTIVE ETF TR	78467V608	6,580	$271,557	0.02%
205	J P MORGAN EXCHANGE TRADED F	46641Q274	5,695	$270,837	0.02%
206	GE VERNOVA INC	GEV	414	$270,622	0.02%
207	AMERIPRISE FINL INC	03076C106	551	$270,253	0.02%
208	VANGUARD CALIF TAX FREE FDS	922021605	2,640	$264,686	0.02%
209	ISHARES TR	464287499	2,648	$254,923	0.02%
210	VANGUARD WORLD FD	92204A876	1,375	$254,430	0.02%
211	REDDIT INC	RDDT	1,105	$254,006	0.02%
212	COCA COLA CO	KO	3,628	$253,633	0.02%
213	VANECK ETF TRUST	92189F387	11,065	$253,499	0.02%
214	ISHARES TR	464287671	1,438	$241,498	0.02%
215	ISHARES INC	464286517	5,750	$239,028	0.02%
216	SHOPIFY INC	SHOP	1,452	$233,728	0.02%
217	ZEBRA TECHNOLOGIES CORPORATI	ZBRA	954	$231,650	0.02%
218	EASTERN BANKSHARES INC	EBC	12,478	$229,970	0.02%
219	AT&T INC	T-PC	9,058	$225,008	0.02%
220	ABBVIE INC	ABBV	978	$223,374	0.02%
221	VANGUARD WORLD FD	92204A108	563	$221,777	0.02%
222	YUM BRANDS INC	YUM	1,462	$221,110	0.02%
223	INVESCO EXCHANGE TRADED FD T	IVZ	1,140	$218,378	0.02%
224	PUTNAM ETF TRUST	746729763	27,757	$217,754	0.02%
225	ACCENTURE PLC IRELAND	ACN	795	$213,299	0.02%
226	HARTFORD INSURANCE GROUP INC	HIG-PG	1,541	$212,309	0.02%
227	PHILIP MORRIS INTL INC	718172109	1,317	$211,303	0.02%
228	HONEYWELL INTL INC	438516106	1,073	$209,422	0.02%
229	ISHARES TR	464288174	2,900	$208,829	0.02%
230	ISHARES TR	46429B697	2,147	$202,162	0.02%
231	VANGUARD WORLD FD	92204A702	267	$201,259	0.02%
232	INVESCO CURRENCYSHARES BRIT	46138M109	1,545	$200,464	0.02%
233	NUVATION BIO INC	NUVB	13,752	$123,218	0.01%
234	EMPIRE ST RLTY OP L P	292102100	18,897	$119,051	0.01%
235	HYPERFINE INC	HYPR	72,000	$70,510	0.01%
236	SPDR S&P 500 ETF TR	SPY	24,300	$67,856	0.01%
237	RELMADA THERAPEUTICS INC	RLMD	13,909	$67,180	0.01%
238	APPLE INC	AAPL	8,500	$600	0.00%
239	AXSOME THERAPEUTICS INC	AXSM	800	$480	0.00%
240	PROGRESSIVE CORP	743315103	400	$108	0.00%